Imagine there are 2 employees, “A” and “B”. During the lockdown, “A” invested money in different places and “B” just kept money in his savings account. In a few months, “A” has earned a lot of money but “B” just got little interest from his savings account.
So tell me, in this story who are you? Are you “A” who has invested his money in different places? or Are you “B” who has not invested money anywhere? Do you want to be like “A” and earn more money through safe investment options in India?
Then you’ve come to the right place.
Why should I look for safe investment in India?
Today, because of the lockdown many people have either,
- Lost some part of their monthly salary
- Lost their jobs
- Low or zero income from their business.
In short, life has now become difficult as there are less income and more expenses. With the safest investment in India, you can invest money in the short term, keep earning interest, and save it for your future.
Why should I invest in short term investment plans?
Currently, there are certain short term investment plans with high returns in India. Yes, even though you invest for short term, the returns can be high. All you need is to make the right choices. Hence I decided to create a list of safe investments in India with high returns. With the help of this list, you can use a portion of your savings and invest them for a short period like between 1 month to 1 year.
1. Post Office Time Deposits:
If you are looking for Safe Investments with High Returns in India, then a Post-Office Time Deposit is exactly what you must opt for.
Tenure – 1 to 5 years
Withdrawal – Any time after 6 months.
Returns – 7.00 to 7.80%
2. Recurring Deposits:
A recurring deposit happens to be one of the best options for investment in India. If you are looking for where to invest money in India, this would perhaps be your first choice.
RD Tenure – 6 months to 10 years.
Withdrawal – Any time after the first month.
Returns – Up to 8.25% (for 1 year)
3. Mutual Funds
Now here’s the best of the lot. Also known as one of the highest return investments in India, online mutual fund investment in India has been utilized by many Indians in the past decade thanks to SIP i.e. Systematic Investment Plan.
In the past few years, Mutual funds have been considered to be Safe Investments with High Returns in India.
Tenure – Few months at least (3-6 months)
Liquidity – Any time.
Returns – Up to 13% (1 year)
Most financial advisors will provide you with the list of best mutual funds for long term investing. This is because whether its Top 5 or 10 mutual funds in India, the money will keep growing as long as you keep investing in the fund.
Yes, you can check this through a SIP calculator that’s available on multiple platforms online.
I don’t have any knowledge of mutual funds schemes in India. Can I still invest?
There are various types of mutual funds in India like,
- Equity (Large-cap, mid-cap, and small-cap)
- Debt (Short duration, Ultrashort duration, overnight funds, etc)
- Hybrid (Balanced, Dynamic, Aggressive, etc.)
- Retirement Funds
- Index Funds
Where to invest Mutual Funds?
Honestly, there are more than 100+ fund names and giving information about all can get difficult. However I can tell you an easier way to find the suitable choice of investment. Mutual funds investment in India online can be done through mobile apps that provide this service.
Which are the best mutual fund apps in India?
Here is a list of the best apps for mutual fund investments. Please note, you can download any of the above apps and we have listed them in no specific order.
- Groww – Android / iOS
- ET Money – Android / iOS
- PayTM money – Android / iOS
- SBI mutual funds app – Android / iOS
- HDFC mutual funds app – Android / iOS
- Axis Mutual funds app – Android / iOS
How can I choose the best mutual funds for investment in India?
One of the best parts of these apps is that they will allow you to filter the top mutual funds in India by performance. For beginners, Once you download any of the above top mutual fund apps in India, you can check their video guide. This guide will help you in understanding how to invest in mutual funds on the mobile app.
For E.g. Using the filters on the app, you can find the best performing mutual funds in India for last 5 years.
Not only this, but also you can find the best mutual funds in India for SIP.
How much money should I invest in mutual funds?
As per the current lockdown scenario, it is difficult to set an amount as most of us need cash in the house for daily expenses. Hence I would request you to allocate a small amount (500-1000) that you can use and invest in short term mutual funds. Filter the funds as shown in the above images and you will be able to make smart investments that will give you good returns.
In conclusion, these are the 3 best investments for short term for those who want Safe Investments with High Returns in India. I hope that you can utilize this and start getting good returns. If you have any doubts, please do not hesitate in commenting below or getting in touch with me through this CONTACT FORM.